LIT

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0150%/8h= +16.4% APRnext payment +$0.19 per $10,000 · paid last 24h +0.017%

Price spread now: Derive against Phoenix−0.041%52s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on Derive

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Derive is 0.041% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.041% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 22 hours of funding at the current rate (+$5 a day). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix LIT	4.7660	−0.0050	get 0.0006% / 1h	15m 26s	$247K	$321K	5x
Short	Derive LIT-PERP	4.7641	0.0100	get 0.0013% / 1h	15m 26s	$2K	$1K	6.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive against Phoenix. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee DerivebpOrdersPrice spread, now −0.041%Rate

Funding earned: $31.55
Price spread: −0.041% → 0.000%: −$4.06
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Derive: 3 bp × 2 orders: −$6
Net: $14.49
Costs to cover: 0.130%
Break-even: 3.8 days

Slippage unknown: Phoenix: live order book, 5 min ago; Derive: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Phoenix live order book, 5 min ago	2.10 bp	16.1 bp −$16	58.0 bp −$580	doesn't fit	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

LIT on 42 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit LIT_USDC-PERPETUAL	−0.1143%	1h	4.7587	−0.153%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0610%	4h	4.7564	−0.201%	$33K	$2K	10x	as long as short
Gate LIT_USDT	−0.0570%	4h	4.7620	−0.084%	$2.8M	$4.5M	50x	as long as short
Phemex LITUSDT	−0.0563%	4h	4.7580	−0.168%	$1.3M	$2.7M	20x	as long as short
01 Exchange LITUSD	−0.0560%	1h	4.7551	−0.229%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0344%	1h	4.7594	−0.138%	$86K	$81K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0329%	4h	4.7595	−0.136%	$25.1M	$62.3M	50x	as long as short
Bybit LITUSDT	−0.0284%	4h	4.7599	−0.128%	$43.0M	$30.7M	75x	as long as short
KuCoin LITUSDTM	−0.0278%	4h	4.7654	−0.013%	$5.3M	$1.1M	30x	as long as short
Backpack LIT_USDC_PERP	−0.0252%	1h	4.7643	−0.036%	$669K	$1.5M	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT LIT_USDT_Perp	−0.0250%	4h	4.7582	−0.164%	$901K	$1.9M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7721	+0.128%	$660K	$404K	50x	as long as short
Aftermath Perps LITUSD	−0.0067%	1h	4.7610	−0.105%	$12K	$199K	10x	as long as short
Phoenix LITlong	−0.0050%	1h	4.7660	long leg	$247K	$321K	5x
Paradex LIT-USD-PERP	−0.0024%	8h	4.7563	−0.203%	$6K	$2K	5x	as long as short
SoDEX LIT-USD	−0.0016%	1h	4.7585	−0.157%	$1K	$487K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7647	−0.028%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7659	−0.002%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7639	−0.044%	$830K	$2.0M	5x	as long as short
Polymarket Perps LIT-USD	+0.0021%	1h	4.7612	−0.101%	$450K	$105K	10x	as long as short
Nado LIT-PERP	+0.0022%	1h	4.7585	−0.157%	$2.2M	$1.7M	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.797%	$422	$178K	5.5x	as long as short
MEXC LIT_USDT	+0.0044%	4h	4.7574	−0.180%	$5.8M	$4.2M	100x	as long as short
Binance LITUSDT	+0.0045%	4h	4.7576	−0.176%	$75.3M	$81.4M	75x	as long as short
edgeX LITUSDC	+0.0046%	4h	4.7599	−0.128%	$290K	$312K	10x	as long as short
Aevo LIT-PERP	+0.0064%	1h	4.7602	−0.121%	$149K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7679	+0.040%	$59.8M	$30.1M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7699	+0.082%	$212.4M	$45.4M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7676	+0.034%	$12.7M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7640	−0.042%	$587K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7609	−0.107%	$117K	$449K	5x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7630	−0.063%	$6.8M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7650	−0.021%	$56K	$78K	50x	as long as short
Derive LIT-PERPshort	+0.0100%	1h	4.7641	−0.041%	$2K	$1K	6.7x
SunX LIT-USDT	+0.0100%	4h	4.7609	−0.107%	$5K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7684	+0.050%	$191K	$329K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7454	−0.432%	$119K	$6K	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7579	−0.170%	$5.3M	$5.2M	25x	as long as short
Perpl LIT	+0.0112%	43m	4.7665	+0.011%	$32K	$839K	33x	as long as short
BloFin LIT-USDT	+0.0184%	4h	4.7575	−0.178%	$1.5M	$2.0M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0359% / S −0.0155%	1h	4.7651	−0.019%	$60K	—	50x	as long as short
Lighter RH LIT	+0.0432%	1h	4.7715	+0.115%	$3.8M	$14.2M	5x	as long as short